South East Asia
Tuesday, 20 September 2011 17:35
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HONG KONG: Hong Kong said Tuesday its unemployment rate has fallen to its lowest in more than 13 years thanks largely to a strong local economy, but analysts warned the figure could rise again.
The unemployment rate for the June-August period fell to 3.2 percent, from 3.4 percent in the May-July, which marked Hong Kong's lowest jobless rate since February 1998, the Census and Statistics Department said.
The figure was below the average 3.5 percent unemployment rate forecast in a poll of seven economists by Dow Jones Newswires.
The total number of people in jobs in the June-August period rose by around 10,800, to 3,636,600 people -- a record high for the Chinese city of seven million people.
However, Labour and Welfare Minister Matthew Cheung said a similar increase is unlikely for the rest of the year as employers become more cautious about hiring, amid the deepening European sovereign debt crisis and weak US ...
BEIJING: Heavy rains and floods across China have left 57 people dead, dozens of others missing and hundreds injured, while more than a million residents have been evacuated from their homes, the government said.
Unprecedented rains over the past week have swamped parts of northern, central and southwest China, and although the affected region is breathing a tentative sigh of relief as the downpours pause, rivers continue to swell.
The Ministry of Civil Affairs said in a ...
VIENNA: Japan's minister in charge of handling the Fukushima crisis told an annual gathering of the UN atomic agency Monday that his country had a "safer nuclear future."
"I am convinced we will definitely overcome this challenge and find a prosperous, safer nuclear future," Goshi Hosono told the 151-nation International Atomic Energy Association (IAEA) general conference in Vienna.
He said Japan would benefit "from the lessons learned" in the wake of the March disaster at the Fukushima ...
TOKYO: Tens of thousands of demonstrators rallied in Tokyo on Monday calling for an end to nuclear energy in Japan after the March 11 disaster that sparked the worst atomic crisis since Chernobyl.
About 60,000 people gathered for the anti-nuclear rally, organisers said, one of the biggest since the earthquake and tsunami and the following disaster at the Fukushima Daiichi power plant.
"No more nuclear power plants! No more Fukushimas!" the demonstrators chanted under scorching sunshine as ...
DUBAI: Leading global investment banks, including Credit Suisse AG , are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region.
Japan's largest investment bank Nomura has shut down its research department, a person with knowledge of the matter said.
Deutsche Bank and Credit Suisse have cut their top equity research jobs for the Middle East and North Africa (MENA) region, four sources ...
YANGON: After decades of military rule, democracy champion Aung San Suu Kyi says there are finally signs of political change in Myanmar, but its long-suffering people are still far from real freedom.
In an exclusive interview, the Nobel Peace Prize winner told AFP that the new government appears genuine in its desire for democratic reform, and said an Arab-style uprising is not the answer to the country's problems.
"There have been changes, but I don't think we're ...
TOKYO: Japan plans to send a 300-strong military engineering team to South Sudan as part of a UN mission to help the African nation build badly needed infrastructure, a report said Saturday.
The government plans to send a preliminary fact-finding mission to South Sudan as early as this month, the Yomiuri Shimbun quoted anonymous government sources as saying.
Prime Minister Yoshihiko Noda is to visit New York to attend a meeting of the UN General Assembly this ...
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